Waves Price Prediction

Waves is a blockchain platform supporting decentralized applications (DApps) and smart contracts, among other use cases. It was created in 2016 by Ukrainian theoretical physicist Alexander (Sasha) Ivanov to foster the mass adoption of blockchain technologies. For this sake, the project initially focused on increasing blockchain platforms' speed, utility, and user-friendliness.

What Is the Waves Crypto?

The Waves blockchain utilizes its native WAVES token to secure the network through staking. Consensus is achieved through the so-called Leased Proof-of-Stake (LPoS) mechanism. The project has announced the launch of Waves 2.0, which will introduce a new consensus mechanism called Practical-Proof-of-Stake Sharding (PPoSS). The new consensus mechanism will be compatible with Ethereum Virtual Machine (EVM), enabling Ethereum-based protocols to migrate to the Waves blockchain more easily. The WAVES token is also used to pay fees and mint tokens.

How Staking Waves Work

A high proportion of circulating WAVES tokens is staked to the validation nodes. To run a node, one must stake a minimum of 1,000 WAVES. Initially, full nodes needed to stake 10,000 WAVES, but after a community vote, this amount was reduced to 1,000 in 2018.  The Waves community can vote to change the stake every 100,000 blocks (approximately 70 days) to account for the price variations of the WAVES tokens. This way, validators are adequately rewarded, and running a node does not become excessively expensive.

Waves: Technical Analysis

Waves held an initial coin offering (ICO) from April 2016 to May 2016. Each WAVES token was sold at around $0.19, raising more than $16.4 million during the ICO. This token hit the open market in June 2016, trading at $1.3. However, the token’s price dropped to approximately $0.2 two weeks later and stayed at that level for the remainder of 2016.

The WAVES price began to increase in early 2017. In June of that year, this token traded at more than $5. The price increased dramatically toward the end of 2017, reaching $15.3 on December 20. However, WAVES gradually lost value throughout 2018. On December 31 of that year, it traded at approximately $3.2.

The WAVES price dropped even further in 2019 and part of 2020. But in the second half of 2020, the price began to increase again, reaching $8.6 on December 13. This uptrend continued in 2021. On May 5, 2021, WAVES traded at approximately $35.9. However, this token’s price was volatile, closing that year at around $14.5.

In Q1 2022, the WAVES price skyrocketed, reaching its all-time high on March 31 at $62.3. After such an impressive hike, the price abruptly dropped. On May 20, this token traded at approximately $5.8. The WAVES price was around $1.4 towards the end of 2022. During the first four months of 2023, WAVES increased its price. As of April 16, this token’s price was around $2.3.

CoinMarketCap ranks WAVES as the 146th most valuable cryptocurrency by market capitalization. Will this token’s price resurge in the coming years? Let us discuss it in the Waves crypto price prediction below.

Waves Price Prediction for 2024

Next year, the WAVES price will continue to increase. PricePrediction expects an average price of $4.1, with a maximum of $4.9. BitcoinWisdom forecasts an average WAVES price in 2024 of $5, possibly climbing to $5.7. For its part, DigitalCoinPrice predicts an average price of $5.3 and a maximum of $5.7. Interestingly, both BitcoinWisdom and DigitalCoinPrice indicate the same maximum WAVES price in 2024. Therefore, your WAVES investment at the current trading price of $2.3 would yield a maximum gain of +148% next year.

Waves Price Prediction for 2025

In 2025, the WAVES token will be back on track, and its price will increase more rapidly. PricePrediction expects this token to trade at $6.3 on average in 2025, possibly hitting a maximum of $6.9. BitcoinWisdom is slightly more optimistic and predicts an average price of $7.3 and a maximum of $8. For its part, DigitalCoinPrice indicates an average price of $7.9 and a maximum of $8. Again, BitcoinWisdom and DigitalCoinPrice coincide in their prediction of the maximum WAVES price in 2025. So, if you invested in WAVES at the current price of $2.3, you could reap a maximum gain of +248% in 2025.

Waves Price Prediction for 2030

Crypto price predictions for the distant future often differ significantly from each other. It results from the difficulty of accurately accounting for all the factors that can impact a token’s price for several years. Hence, there is no consensus on the WAVES price in 2030. BitcoinWisdom expects this token to trade at $18.8 on average in 2030, possibly reaching $19.5. For its part, CoinPricePrediction predicts an average (and maximum) WAVES price of $23 in 2030. This prediction indicates that this token’s price will not show much volatility that year. For its part, PricePrediction forecasts an average WAVES price of $37.9 and a maximum of $45.2 in 2030. It means that your WAVES investment at the current trading price of $2.3 would yield a maximum gain of +1,865% in 2030.

FAQ

Is Waves crypto a good investment?

WAVES might be a good long-term investment. This token is backed by a technically sound project with a clear roadmap. Other cryptocurrencies might yield higher returns in the long run, but investing in them could be riskier.

Where can you purchase Waves (WAVES)?

WAVES is listed in several exchanges. However, the best option to buy it at competitive rates is LetsExchange.io.

Will Waves price crash?

Although everything is possible in the crypto market, the Waves price will unlikely crash soon.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.